Credit Enhancement: Supplier Assurance Letters

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When your customer demands credit and your supplier demands cash, you might need more than standard factoring provides.

A supplier assurance letter, written by Riviera Finance on your behalf, can convince your supplier to sell you the materials you need ON CREDIT, long enough to deliver a finished product to your customer.  This transition credit can be a launching pad for your company’s success.

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Questions to Ask

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imageWriting for Forbes, Ty Kiisel poses three short questions “any business owner should ask” before borrowing money.  The same goes for factoring.

  1. Do you know how you’re going to use the capital?
  2. Will the extra capital have a positive impact on the business?
  3. Do you know the numbers?

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Small Business Lending at Highest Level Since 2007

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The Thomson Reuters/PayNet Small Business Lending Index rose to 120.4 in October, its highest level since August 2007.  This is generally seen as a positive leading indicator for the U.S. economy, as small businesses step up their borrowing to handle growth in orders.  Supporting this trend, PayNet also reports that delinquencies as a percent of loans set a record low in October.

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